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Helping our clients succeed is our number one priority. Take a look at Creative Realty Partners’ stories to see how Spherexx Optimize helps clients take their business to the next level.


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Real Clients. Real Stories. Real Results.

Don't just take our word for it. See how our clients use Spherexx Optimize Revenue Management to provide the best apartment pricing; while maximizing value and stabilizing all aspects of an asset’s value.

Tree Top Apartments



Units: 128
Location: Grand Prairie, TX
Acquired:
September 2020
Renovation Budget: $1,237,500
Renovation Duration: 18 Months
Utility Cash Back Increase: 36%
Disposition: December 2022
Sales Profit: $7,584,722
Sale ROI: 151%
Total COC Return: 174% Plus
Revenue Management: Spherexx Optimize

SUMMARY
Creative Realty Partners underwent a major renovation on the purchased property for 18 months, including interior, exterior and amenity improvements. The budget included the initial acquisition financing. Rents were raised to market and the utility bill-back was substantially increased to raise income.

Corey Place Apartment Homes



Units: 276
Location: Grand Prairie, TX
Acquired: July 2018
Renovation Budget: $1,380,000
Renovation Duration: 24 Months
Rent Increase: 26%
Disposition: July 2021
Sales Profit: $2,108,649
Sale ROI: 132%
Total COC Return: 142% Plus
Revenue Management: Spherexx Optimize

SUMMARY
Rents were raised to market during the first 24-months of the renovation of exterior, amenities and interior replacements and upgrades. The budget included the initial financing cost. The improvements resulted in an increased valuation of $7,254,500.

Heritage At Temple Terrace



Units: 126
Location: Temple Terrace, FL
Acquired: March 2019
Renovation Budget: $982,800
Renovation Duration: 24 Months
Utility Cash Back Increase: 26%
Disposition: January 2022
Sales Profit: $4,615,667
Sale ROI: 196%
Total COC Return: 200% Plus
Revenue Management: Spherexx Optimize

SUMMARY
Creative Partners Group included the initial acquisition financing in the renovation budget that provided for interior, amenity, and exterior improvements. The utility bill-back initiative added to value, and rents were raised over the 24-month renovation, all resulting in a $9.05 MM valuation increase.

The Planters Walk



Units: 216
Location: Jacksonville, TX
Acquired: February 2017
Renovation Budget: $400,000
Utility Cash Back Increase: 45%
Disposition: September 2020
Sales Profit: $2,600,000
Sale ROI: 162%
Total COC Return: 173% Plus
Revenue Management: Spherexx Optimize

SUMMARY
The renovation budget, which included the initial acquisition financing, was spent on amenity, exterior, and interior upgrades, and replacements. Leasing prices were raised to market accordingly, along with the utility bill-back rates. Expenses were streamlined for higher net operating income.

The Fountains



Units: 101
Location: San Antonio, TX
Acquired: March 2018
Renovation Budget: $518,000
Duration: 24 Months
Rental Rate Increase: 19%
Value Increase: $3,105,000
Disposition: December 2021
Sales Profit: $670,470
Sale ROI: 129%
Total COC Return: 131%
Revenue Management: Spherexx Optimize

SUMMARY
Interior, exterior, and amenity upgrades and replacements were allocated over the 24-month renovation era. The budget included the initial acquisition financing. Rental rates were raised to market.

Oaks of San Jose



Units: 200
Location: Jacksonville, FL
Acquired: February 2019
Renovation Budget: $2,050,000
Duration: 18 Months
Rental Rate Increase: 35%
Value Increase: $5,972,460
Disposition: October 2021
Sales Profit: $6,017,000
Sale ROI: 231%
Total COC Return: 234%
Revenue Management: Spherexx Optimize

SUMMARY
Creative Realty Partners included the initial acquisition financing in the improvement budget over the 18-month rehabilitation. Rents were raised to market as interior, exterior and amenity improvements were completed.